Relationships with debuts

New listing of PROSTA GIEŁDA S.A. on NewConnect

The company PROSTA GIEŁDA S.A. was newly listed on NewConnect on 11 April 2023.

PROSTA GIEŁDA S.A. is the 360^th company listed on NewConnect and the third listing on NewConnect in 2023.

  Transmisja z debiutu -  11 kwietnia 2023, godz. 11:00

Key information

* transactions from October 2022 to March 2023

** based on the reference price of PLN 0.73, determined as the weighted average price of transactions in the Issuer’s shares over a period of 12 months before the date of the information document

Issuer’s history and business

The legal predecessor of the Issuer was incorporated on 10 April 2019 under the name Prosta Giełda sp. z o.o. Initially, the Company was both active in IT and in activities aimed at launching a crowdfunding platform to enable deals related to primary and secondary trading of real estate e-shares. In December 2019, 51% of the shares of the Issuer’s legal predecessor were acquired by a NewConnect-listed company (CWA S.A., later Hub4Fintech S.A., now Minutor Energia S.A.). In April 2020, the first and only crowdfunding campaign of the prostagielda.pl platform was completed. In March 2021, Hub4Fintech sold all the shares held in the Issuer’s legal predecessor and a decision was made to discontinue the crowdfunding business and focus on developing IT implementations for startups, an activity carried out under the Hub4Startup brand. By resolution of the Issuer’s shareholders’ meeting of 24 August 2022, it was decided to transform the company into a joint-stock company.

The Issuer is engaged in the development and implementation of IT solutions and systems designed for businesses, as well as the maintenance and further development of such solutions. The Issuer expects that startups will be the target group of the Issuer’s services. As part of project implementation, the Company uses the SCRUM methodology (agile project management methods), which effectively improves project implementation time and the cost of implemented solutions. The development of requested IT systems/solutions is based on a prior in-depth analysis of the customer’s idea in response to its needs through the creation of a prototype IT system tailored individually to the customer’s expectations and needs.

The majority of projects involving the development of IT solutions implemented by the Issuer are paid for in a lump-sum fee, and payments for the work performed are made to the Issuer upon completion of each stage in accordance with the schedule agreed with the customer. Implementation and ongoing support services after project implementation are paid for on a time and materials basis, which ensures greater cost control on the part of the customer, while at the same time providing free access to the resources it requires at any given time.

As at the date of the Information Document, the Issuer’s permanent team consists of 7 persons, including 4 persons working with the Issuer under an employment contract and 3 persons under an associate contract. The Issuer’s permanent team currently consists of: Project Manager, Web Solutions Tester, Mobile Solutions Tester, two Web Solutions Developers, a Mobile Solutions Developer, and a Graphic Designer.

Where the implementation of a project requires the use of external resources in addition to the current team with the competences needed at any given time, the Issuer cooperates with third-party specialists by outsourcing services. In its operations, the Issuer focuses primarily on the implementation of projects for its own customers; however, the Issuer also acts as a subcontractor.

The Company’s share capital amounts to PLN 300,000 and is divided into 3,000,000 series A shares with a nominal value of PLN 0.1 per share.

Transactions in series A shares

Between October 2022 and March 2023, the Issuer’s series A shares were traded in 19 transactions. The total value of the transactions amounted to PLN 3,166,641, with a volume-weighted average price of PLN 0.73.

Issuer’s selected financials:

*quarterly, unaudited

In 2022, 57% of the Issuer’s revenue came from software development and 33% from implementation services. The vast majority of the Issuer’s revenue in 2022 came from services to its own customers (83%), and revenue from services provided as a subcontractor accounted for 17% of the Issuer’s revenue.

Company shareholders

• Marcin Jankowiak (and family members) – 1,498,500 shares representing 49.95% of equity and votes;
• Mirosław Januszewski – 322,000 shares representing 10.73% of equity and votes;
• Other shareholders  – 1,179,500 shares representing 39.32% of equity and votes;

Financial instruments newly listed on NewConnect:

• 3,000,000 series A ordinary bearer shares;

The application covers all outstanding shares of the Issuer.